431 NE Multnomah St - Hospitality FOR SALE


Portland, OR 97232- Lloyd District
$3,800,000 USD
360-609-2862
431 NE Multnomah St, Portland, OR for Sale
$3,800,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

431 NE Multnomah St
Portland, OR 97232
Lloyd District


OVERVIEW

80 room Quality Inn, just blocks from Oregon Convention Center, Moda Center. Property is on leased ground with 37 remaining years. Land can be purchased for 2.5million. This is a great conversion opportunity for conversion to other residential type uses or running as is.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$98 USD /SF

# OF ROOMS

80

PRICE/ROOM

$47,500 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Quality Inn Downtown Convention Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,100 SF

ZONING

CX

APN/PARCEL ID

R182192

ASK ABOUT THIS PROPERTY

Uresh PatelRokk - Quality Inn Downtown Convention Center P...More Info
360-609-2862

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Uresh PatelRokk - Quality Inn Downtown Convention Center P...More Info
360-609-2862

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.